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The juice concentrate market size is forecast to increase by USD 19.89 billion between 2022 and 2027, accelerating at a CAGR of 5.03%. In 2017, US held the largest market share, projecting an annual revenue of USD 18.91 billion.The report includes a comprehensive outlook on the Juice Concentrate Market, offering forecasts for the industry segmented by Application which comprises Beverages, Bakery/confectionery and dairy, Soups and sauces, and Others. Additionally, it categorizes Product Type into Fruit juice and Vegetable juice and covers Geography regions, including Europe, North America, APAC, South America, and Middle East and Africa. The report provides market size, historical data spanning from 2017 to 2021, and future projections, all presented in terms of value in (USD billion) for each of the mentioned segments.
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One of the key factors driving the juice concentrate market growth is the rise in health-conscious consumers. There is a rapid change in consumer lifestyles and an increasing shift toward healthy eatables due to urbanization and consumerism. In addition. there is a growing health consciousness among consumers due to which there is an increasing preference for making juices, smoothies, and soups at home. as juices are an ideal way to increase the intake of fruits and vegetables. Moreover, juices are a key source of vitamins and minerals which makes it easier to reach the recommended daily servings of many essential nutrients.
Additionally, the growth in the penetration of the Internet, the increase in customers' trust in online retailing, the availability of quick shipping, and consumer choices play a significant role in driving the global e-commerce market (including the US). Therefore, the growing health consciousness in people is positively impacting the market which in turn will drive the market growth during the forecast period.
The beverages segment is estimated to witness significant growth during the forecast period. There is an increasing prevalence of health issues among consumers such as obesity and allergies. As a result, there is a rise in the adoption of good eating and drinking habits as people are becoming more health conscious. Furthermore, the preference for natural ingredients-based products increasing among consumers. For instance, the consumption of ready-to-drink products is significant among consumers as they aid in diet balance and a healthy lifestyle.
Europe is estimated to contribute 38% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Some of the main factors that are significantly contributing to the growth of the global juice concentrate market in Europe are the rising demand for packaged food and beverage goods along with rising health and nutrition concerns among the consumers in the region.
Additionally, there is a growing focus by consumers on increasing the proportion of fruits and vegetables in their diet as regular consumption of fruits and vegetables helps counter ailments including cardiovascular illnesses, and certain malignancies. The main consumer cohort for juice concentrates is millennials. Factors such as s the growing health consciousness among millennials and the hectic schedule are positively impacting the market in the region. Therefore, it is expected to drive market growth in the region during the forecast period.
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The Juice Concentrate Market is fragmented in nature. Some significant players include Archer Daniels Midland Co and BMT Commodity Corp.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Ciatti Co., Citrus Systems Inc., Cooperatie Koninklijke Cosun UA, Dohler GmbH, Eden Foods Inc., Encore Fruit Marketing Inc., Jain Irrigation Systems Ltd., Kanegrade Ltd., Kerr by Ingredion, Kerry Group Plc, Milne, Northwest Naturals LLC, Sudzucker AG, SunOpta Inc., Symrise AG, Tricom Fruit Products Ltd, Ventura Coastal LLC, and Iprona Spa
The juice concentrate market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2027.
Juice Concentrate Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.03% |
Market growth 2023-2027 |
USD 19.89 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.24 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 38% |
Key countries |
US, China, Germany, UK, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Archer Daniels Midland Co., BMT Commodity Corp., Ciatti Co., Citrus Systems Inc., Cooperatie Koninklijke Cosun UA, Dohler GmbH, Eden Foods Inc., Encore Fruit Marketing Inc., Jain Irrigation Systems Ltd., Kanegrade Ltd., Kerr by Ingredion, Kerry Group Plc, Milne, Northwest Naturals LLC, Sudzucker AG, SunOpta Inc., Symrise AG, Tricom Fruit Products Ltd, Ventura Coastal LLC, and Iprona Spa |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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